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Meegan Darby, Pat Petrillo & Harald Grant Sell Water Mill SFR For $16.75M

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SOLD
$16,750,000

New York

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Single Family Residence12,600 SF
Sold 08/20/2021
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SOLD

Meegan Darby, Pat Petrillo & Harald Grant Sell Water Mill SFR For $16.75M

593 Flying Point Road, Water Mill, NY, USA

See Similar Deals
Single Family Residence12,600 SF
Sold 08/20/2021
Contact now

Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$1,329
Total Square Footage:12,600 SF
Transaction Type:Sale

An SFR located at 593 Flying Point Road in Water Mill was recently sold for $16,750,000. The property spans 12,600 square feet, resulting in a price per square foot of $1,329. The transaction was handled by brokers Meegan Darby, Pat Petrillo, and Harald Grant.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $16,750,000
  • Address: 593 Flying Point Road
  • Market: Water Mill
  • Square Footage: 12,600
  • Price per Square Foot: $1,329

The deal was facilitated by brokers Meegan Darby, Pat Petrillo, and Harald Grant. They played a vital role in ensuring the successful completion of the transaction.

Players

Harald Grant
5 deals$230.4M volume
BROKER

Pat Petrillo
Sotheby's International Realty
2 deals$31.8M volume
BROKER

Meegan Darby
The Corcoran Group
1 deal$16.8M volume
BROKER

Details

SOLD
IMAGE: Meegan Darby, Pat Petrillo & Harald Grant DATE: 08/20/2021 ADDRESS: 593 Flying Point Road MARKET: Water Mill ASSET TYPE: SFR ~ ZONING: R80 BROKERS: Meegan Darby, Pat Petrillo & Harald Grant SALE PRICE: $16,750,000 SF: 12,600 ~ PPSF: $1,329

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$893,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$59,509.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$79,403.55
Annual Debt Service$952,842.55